Ex-CAG Official Sticks To His Stand On 2G Loss Before JPC

New Delhi, Nov 14: Former top CAG official R P Singh today appeared before the Joint Parliamentary Committee looking into the 2G spectrum scam and is understood to have stuck to his stand that the presumptive loss in the radiowave allocation was only Rs 2,645 crore.

CAG’s ex-Director General (Audit), Singh, who was cross-examined by members of the JPC, is also learnt to have maintained that revenue optimisation was not an “audit objective” and it was added as one of the objectives later.

Accodring to a UPA leader, who is a JPC member, Singh told the committee that the loss could not be quantified since TRAI did not take a decision on auction of spectrum and the Union Cabinet also decided on the same lines.

The opposition maintains that it was Singh who had earlier explained to the Public Accounts Committee how the figure of Rs 1.76 lakh crore loss was arrived at by the CAG. These parties have sought to know whether Singh was right in his earlier stand or on his revised position.

From: http://ping.fm/gNZVV